Task 6

1. Fatima, Muna and Ahmed are three college going siblings. They have decided to save some money every month from their pocket money. Fatima and Muna have kept their money in two different banks and the following amounts are saved in their accounts. Assume that they both start saving from the same month and continue to follow the saving plan.

	Month 1	Month 2	Month 3	Month 4	Month 5
Amount in Fatimas account	5000.00	5075.00	5151.13	5228.39	5306.82
Amount in Munas account	5300.00	5353.00	5406.53	5460.60	5515.20

(A-1) After how many months, will they each one of them will have more than AED 6000 in the account? (3 marks)

Show the steps of calculation. You may use Excel to get this answer. Paste the screenshot of Excel table here.

(A-2) Ahmed starts with AED 4000 and adds AED 180 each month to his savings. After how many months will he get more than AED 6000 in his saving? (2 marks)